Toncoin (TON) and The Open Network blockchain are garnering attention due to positive developments. The value of USDT stablecoin on TON surpassed $1 billion, signaling increased liquidity.
This surge could boost Toncoin's market performance. Increased stablecoin volume may lead to greater user engagement on TON, potentially driving up Toncoin demand and price.
Currently priced at $5.55, Toncoin shows a 32% decline from its June peak. However, on-chain data reveals a rise in Mean Dollar Invested Age, indicating investors are holding longer, which could impact short-term growth but supports mid-term price gains.
Toncoin has strong support at $5.20 and faces resistance at $6. If demand continues to grow, the price could rally to $8.32 by the fourth quarter of the year.
